What You Should Know:
- Capital Rx, an NYC-based full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA) raised $50M with participation from more than 10 of the leading health systems in the nation, including Atlantic Health System, Banner Health, Hawai’i Pacific Health, Inova Health System, Lehigh Valley Health Network, Memorial Hermann Health System, Nebraska Medicine, Novant Health, Ochsner Health, and WellSpan Health, among others, as well as
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Mount Sinai, UCSD Awarded $8.5M to Establish Data Integration Hub
What You Should Know:
- Researchers at the Icahn School of Medicine at Mount Sinai and the University of California San Diego have been awarded an $8.5 million grant to create a data integration hub aimed at accelerating novel therapeutics and cures for diseases within initiatives supported by the National Institutes of Health (NIH) Common Fund.
- NIH Common Fund programs are large-scale projects designed to collect cutting-edge biomedical research data from human cells, tissues, and
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Health M&A: Financial Distress Driving Q3 Healthcare Deals
What You Should Know:
- More than one-third of hospital and health system transactions announced in Q3 2023 involved a party that cited financial distress as a transaction driver, according to Kaufman Hall’s latest mergers and acquisitions (M&A) report. The reports reveal third quarter M&A activity remained high with 18 announced transactions resulting in $8.2B in total transacted revenue.
- Kaufman Hall experts say transaction activity is regaining momentum as hospitals,
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Rev Cycle M&A: Access Healthcare Acquires Envera Health
What You Should Know:
- Access Healthcare, a provider of revenue cycle management (RCM) and healthcare services, announced the acquisition of Envera Health, a market leader in patient engagement services.
- This acquisition, a testament to Access Healthcare’s focus on providing innovative and superior revenue cycle solutions, broadens its service portfolio to include enhanced patient engagement capabilities.
Acquisition Stregthens Access Healthcare’s RCM Services
By
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Walmart Expands Virtual Primary Care to Associates & Families
What You Should Know:
- Walmart announced it is expanding virtual primary care, building on the traditional telehealth service for occasional sick visits for Walmart associates and their families.
- As part of this expansion, virtual care options for digestive health and physical therapy will also be available, including some basic at-home lab work early next year. Most virtual health care benefits are available at no cost to associates and their families ($0
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Amwell Expands to South Africa with Digital Mental Health Benefit
What You Should Know:
- Amwell forms a strategic partnership with Discovery Health, a health insurance administrator, which will introduce the first-ever digital therapeutic benefits funded by a health insurer in South Africa.
- As part of the collaboration, clinicians are now able to prescribe SilverCloud by Amwell, a clinically validated, evidence-based and affordable digital mental healthcare platform, to Discovery Health members.
Benefit Offering Expands Access to
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Emory Healthcare Joins Graphite as Governing Member to Advance Digital Health Innovation
What You Should Know:
- Graphite, a software company developing the first comprehensive digital ecosystem for the frictionless exchange of health data, plans to add Emory Healthcare as its newest member.
- Pending negotiations of definitive agreements, Emory Healthcare intends to affiliate with Graphite as a Governing Member, joining the four founding health systems already dedicated to creating a common language for digital health.
Graphite Background
Graphite is a provider-led
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Butterfly Introduces Two Ultrasound Education Offerings
Butterfly Network, Inc., a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, today announced the addition of two new ultrasound education offerings that will complete its full suite of education products. The new offerings will include:
- Butterfly Certified™, a complete set of virtual and in-person POCUS courses designed to meet local training or privileging requirements, delivered in partnership with
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Cedars-Sinai Expands Virtual Healthcare for California Patients Via App
What You Should Know:
- Cedars-Sinai announced the expansion of virtual healthcare for patients in California through a new mobile app that allows individuals to quickly and easily access Cedars-Sinai experts for sick, chronic, and preventive care.
- Through the new virtual healthcare option Cedars-Sinai Connect, healthcare professionals are available 24/7 for urgent issues, and same-day appointments are accessible for primary care—reducing wait times for those seeking medical
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M&A: Evernorth Health Acquires Bright.md Technology Platform
What You Should Know:
- Today at HLTH, Evernorth Health Services announced the acquisition of technology and clinical capabilities of Bright.md, a leader in asynchronous care, triage, and healthcare navigation services to enhance MDLIVE’s virtual care
- By using asynchronous technologies to allow patients to initiate care on their terms, without the need for real-time clinician interactions, the integration provides patients with convenient access to care while reducing costs and
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